5G Remains The Focus For Telco In 2024

By Anas Abu Hassan

KUALA LUMPUR, Dec 19 (Bernama) -- Malaysia's telecommunications industry has seen quite an eventful year in 2024 as the country progresses toward deploying its second 5G network. 

MOF: Low Instances Of Using Cryptocurrency In Money Laundering

KUALA LUMPUR, Dec 18 (Bernama) -- The Ministry of Finance (MoF) has found that instances of using cryptocurrency as a medium for money laundering in Malaysia are low.

Dewan Negara Passes Five Bills Related To Business Activities In Labuan

KUALA LUMPUR, Dec 18 (Bernama) -- The Dewan Negara has passed five bills under the Ministry of Finance related to business activities in Labuan, namely the Labuan Business Activity Tax (Amendment) (No.2) Bill 2024 and the Labuan Companies (Amendment) Bill 2024.

NAMLIFA Urges BNM, MOF To Order Temporary Halt In Medical Premium Repricing

KUALA LUMPUR, Dec 6 (Bernama) -- The National Association of Malaysian Life Insurance and Financial Advisors (NAMLIFA) has strongly urged Bank Negara Malaysia (BNM) and the Ministry of Finance (MoF) to order a temporary halt in the medical premium repricing exercises.

Restructuring Of DFIs In Line With National Agenda, To Strengthen Govt Institutions

KUALA LUMPUR, Dec 5 (Bernama) -- The restructuring of the Development Financial Institutions (DFIs) involving Bank Pembangunan Malaysia Bhd (BPMB), Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), and Export-Import Bank of Malaysia Bhd (EXIM Bank) is in line with the national agenda to implement reforms and strengthen government-owned institutions, said the Ministry of Finance (MoF).

MOF Focusing On Progressive Taxation, Sustainable Budgeting To Prioritise Critical Sectors

KUALA LUMPUR, Dec 5 (Bernama) -- The Ministry of Finance (MoF) will focus on progressive taxation to ensure fairness, sustainable budgeting to prioritise critical sectors such as education and healthcare, and responsible debt management to support development in line with the aspirations of the MADANI Economy framework.

Ensure Budget And Economic Growth Benefits Reach Grassroots - PM Anwar

PUTRAJAYA, Dec 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the country's budget and development framework is aimed at not only driving economic growth but also ensuring that its benefits reach the grassroots level.

List Of Services Subject To SST Scope Expansion To Be Announced In Early 2025 - Lim

KUALA LUMPUR, Dec 4 (Bernama) -- The list of services subject to the expanded scope of the Sales and Service Tax (SST) will be announced in early 2025 before being implemented beginning May 1, 2025, according to Deputy Finance Minister Lim Hui Ying.

Govt Preparing Additional Revenue Estimates From Introduction Of Dividend Tax -- Lim Hui Ying

KUALA LUMPUR, Dec 4 (Bernama) -- The government is currently preparing the estimates of the additional revenue that will be collected from introducing the two per cent dividend tax, said Deputy Finance Minister Lim Hui Ying.

MOF: 13 Pct Of AKPK Borrowers Fully Settle RM3.2 Bln Debt

KUALA LUMPUR, Dec 4 (Bernama) -- A total of 13 per cent of the 477,571 borrowers registered with the Credit Counselling and Debt Management Agency (AKPK) have fully settled debts exceeding RM3.2 billion, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

RM10.78 Bln Withdrawn From EPF Account 3 As At Sept 30 - MoF

KUALA LUMPUR, Dec 2 (Bernama) -- A total of RM10.78 billion has been withdrawn from the Employees Provident Fund (EPF) Account 3 (Flexible Account) by members below 55, stated the Ministry of Finance (MoF).

MDA Announces Tax Incentive For Sponsors Of 28th GHWP Meeting, IMDEC 2024

PUTRAJAYA, Dec 2 (Bernama) -- The Medical Device Authority (MDA) has announced a tax deduction incentive under subsection 44(11C) of the Income Tax Act 1967 for sponsors providing cash contributions to support the 28th Global Harmonisation Working Party (GHWP) Annual Meeting and the International Medical Device Exhibition and Conference 2024 (IMDEC 2024).